Installment payments with withholding
Hi Gurus!"
When we using installment payments, withholding tax amount is
calculated for each single item. It's to calculate by invoice when we use pay term with installment payment??
Tks,
Delfim
Hi Friends!
We're using WHT for invoice posting,these are assigned in the vendor master, however,
We don't want the tax by line item when we're using installment payment.
For example :
Today, a document display like this:
PK account amount
40 - Service 20.00
31 - Vendor Xy -8.00
31 - Vendor Xy -8.00
50 - Tax line item -2.00 <<<<=====
50 - Tax line item -2.00 <<<<=====
It's possible to change one line item of tax?:
PK account amount
40 - Service 20.00
31 - Vendor Xy -8.00
31 - Vendor Xy -8.00
50 - Tax line item -4.00 <<<<=====
Tks, Delfim
Similar Messages
-
A/R Installment Payments with Sales Taxes and Freight in 1st payment
Our sales dept. wants to offer our customers Installment Payment plans (6, 12, 24 mths) for product sales which is easy enough to set up using Payment Terms and the Installment Payment flag.
But our Accounting Dept wants to collect the Sales Taxes and Freight "up front" in the first payment.
We do not want to use Milestone billing since Accounting wants to recognize the revenue of the sale during the month of the sale ... so a single Invoice to the customer with the Payment Plan printed on the invoice is the option they want done.
I have not been able to find any way to set up the Installment Plan configuration to do such a thing. The Terms of Payment refer to the total Invoice amount.
Has anyone here be able to accomplish such configuration (without doing custom coding in a User Exit)?
Example: $60,000 item, %5,000 tax, $100 frieght = $65,100 total invoice. (6 month payment plan)
Payment #1 = $15,100
Payment #2 = $10,000
Payment #3 = $10,000
Payment #4 = $10,000
Payment #5 = $10,000
Payment #6 = $10,000I have already set up the installment plan in OBB9 with 6 entries (1 - 6) for my IP Payment Term of IPM1. I have the percentages setup as 16.67 for each of the installments and the last set at 16.65 (equaling 100%).
The problem with Sales Tax and Freight is that you can not simply assign an arbitrary percentage to the 1st installment (for example make the 1st installment 25% and break up the remaining 5 installments fromt he other 75%).
We need to make sure that the first Installment from the customer is for the Sales Tax, the Freight, and exactly 1/6 of the material cost (if it is a 6 month payment plan).
I have activated User Exit EXIT_SAPLV60B_007 to intercept table generation of the installment plan that is sent to Accounting to fix this problem. Now the Accounting document connected with the customer invoice is correct. My next step is to fix the SmartForm print of the Installment Plan on the customer's Invoice. -
Incorrect Withholding TAX Split when using Installment Payment term
Hi SAP Gurus,
When we are using installment payments, the withholding tax is split and calculated in as many vendor positions as the installment payment term dictates. In our location (ECUADOR) it is necesary to calculate the Withholding TAX adding all the vendor positions (PstKy - 31) and posting only one Withholding tax position. When we simulate the document, we get the next snapshot:
001 31 0000100035 0.00
002 40 5201001001 Sueldos 1,000.00 60
003 31 0000100035 RAMOS ANDRADE CARLO 309.64-
004 31 0000100035 RAMOS ANDRADE CARLO 300.54-
005 31 0000100035 RAMOS ANDRADE CARLO 300.54-
006 50 2401003003 10% Retención Profe 30.36-
007 50 2401003003 10% Retención Profe 29.46-
008 50 2401003003 10% Retención Profe 29.46-
009 40 1301003001 IVA 12% 107.14
And we shoul get the next one for our needs:
001 31 0000100035 0.00
002 40 5201001001 Sueldos 1,000.00 60
003 31 0000100035 RAMOS ANDRADE CARLO 250,72- ==========> (Here is made the tax disccount)
004 31 0000100035 RAMOS ANDRADE CARLO 389,82-
005 31 0000100035 RAMOS ANDRADE CARLO 389,82-
006 50 2401003003 10% Retención Profe 89,28- ==========> (Here is the 3 tax positions added)
007 40 1301003001 IVA 12% 107.14
Regards,
Esteban Moreno
SAP FI-CO consultantHi Srikanth,
Thanks for your suggestion.
I am looking for way in which two accounting documents are created automatically by the system having the desired values. Due to huge number of customer invoices which will need this, it will not be possible to handle it manually and will leave a room for error due to manual intervention.
If somehow we can configure this payment term in system, then it would really help
Regards
Harpreet -
Accounts Recievable - Installment Payment Terms
Hello Experts,
This question is regarding installment payment terms.
Let's talk about a scenario with installment term with 3 installments...
Standard SAP generates 1 invoice with 3 line items
The question and the requirement is that we need to generate 3 invoices instead of 3 line items
does standard SAP support this; If yes, How?
If No, I am open for any other suggestions on how can this be fulfilled.
Thank you in advance.
Raj Apuri
Edited by: Raj Apuri on Aug 20, 2009 5:32 PMHi ,
For that you can go through this below.
Go to the transaction code OBB9 and create 3 installments payments.
Now system will take 3 installment payment with same invoice.
no need to go for 3 invoices.
Regards
Surya -
Sap installment payment without percent
Dear all
I understand the setting of installment payment with percentage. But now our client want to determine the AR amount for each term manually, means they want to input amount for each term, not be divided by SAP automaticlly by fixed percentage. Did anyone also face same case? can it be realized?
Thanks
BensonHello Bin Wang,
There are two solutions for your question.
1) Your Installment type is a one time guide (config) on how to create your installments. Selecting an Installment type does not restrict you from modifying the number of Installments, or rounding amount manually after choosing your Installment type.
3) Even after restricting yourself to the number and installment amounts caluculated by the Installment type. Each installment proposed in the later screen can be freely modifiable to have different Due dates, different amounts per installment and/or different number of installments.
Only restriction however is that you have to keep the Installment items total amount consistent with the Open Item total amount which is Obvious.
Should this be complicated to understand or you have more doubts ping me.
Rgds
Ram Kumar. -
Withholding tax and installment payments
Hi Gurus!!
When we posted a vendor invoice with payment terms as installment payments in 4 times, but the withholding tax is not calculated from the last installment.
In our country the tax must be paid in the full of invoice.
Itu2019s possible customizing this?
Document sample:
PK Amount
40 - Vendor .............................400.00
31 - Line item 1.........................100.00-
31 - Line item 2.........................100.00-
31 - Line item 3...........................67.00-
31 - Line item 4.........................100.00-
50 - Withholding tax - INSS ........33.00-
The correct is (400x 11%) = 44.00, but the sap calculated (300x11%).
The following information below from the current customizing:
IMG => Finacial Accounting => Withhoding tax => calculation => tihholding tax type => define withholding tax type for invoice posting
Customizing: Base amount as "Gross amount", set indicator "post w/tax amount, set indicator
accumulation type per month and set indicator withholding tax accumulation period to one month.
IMG => Finacial Accounting => Withhoding tax => calculation => whithholding tax type => define withholding tax codes
Customizing: Percentage subject to tax = 100% and Calculation = 11,0000%
Best Regards.
DelfinHi,
Have you defined any threshold limit for the w.h.tax code in define formulas for calculating w.h.tax or define min/max amounts for w.h.tax codes? Please check and let me know.
Regards,
Mukthar -
Installment payment term with full tax in one installment
Hi,
I have a requirement where customer is looking for a payment term which is like this
1. X% of invoice amount + 100% VAT amount due to XX days
2. rest of invoice amount due in YY days (No Tax)
We can have a payment term with 'Installment Payments' to get the installements but I am not able to deal with Tax amount separately. Like I am able to do X% of (Invoice +Tax) in XX days and (100-X)% of (Invoice +Tax) in YY days, which is incorrect.
I would appreciate if you could help me with this requirement.
Regards,
HarpreetHi Srikanth,
Thanks for your suggestion.
I am looking for way in which two accounting documents are created automatically by the system having the desired values. Due to huge number of customer invoices which will need this, it will not be possible to handle it manually and will leave a room for error due to manual intervention.
If somehow we can configure this payment term in system, then it would really help
Regards
Harpreet -
How to clear line items with withholding tax manually
hi Experts,
i posted a vendor invoice with withholding tax and i made payment as well but not through f-58.
now i wanted to clear these two through f-44 but it gives the message withholding tax information ignored and didnt display the invoice as open item.
how do i clear both the trasactions
regards
sureshhi Praisty,
thanks for the reply
i have a second opinion on your statement that no matter whatever tcode you use for payment it will clear the open item. Even in F-58, if u make partial payment it will not clear you open item. But i didnt use f-58 as i said earlier.
i used FBV1 for parking the document through which i entered the payment details...ofcourse it doesnt have the option for clearing the open items, cheque printing and it will not update your cheque register. i posted the parked document through FBV0. for all practical purposes, this is my payment document but it didnt clear my open item, in order to clear it i now used f-44.
regards
suresh -
Instalment payment terms and Due date
Hello
Can i have some comments on how the due date will be calculated in case of instalment payment terms.what is the configuration needed.Can we get the discount for each instalment if we pay in advance i.e before the due date.
with regds
RAJAInstallment payment terms is basically one payment term linked to other paymnet term(s).
If you split it to 3 lines, each of the 3 lines will get the payment term assigned for that line.
E.g. you will configure as follows: (obb9)
Inst Pmt Term Inst % Payment term
0001 1 20 AAAA
0001 2 30 BBBB
0001 3 50 CCCC
If you post an invoice (of say 1000) with the pmt term 1, it will split to 3 lines
Line Amt Pmt term
1 200 AAAA
2 300 BBBB
3 500 CCCC
All the terms created for AAAA BBBB CCCC will apply to these lines.
Praveen. -
Seperate GL account for rentention amount using Instalment payment?
We have an interesting issue, our client is having a requirement regarding installment payment. Please find below the scenario. We hope to get some ideas in this regard.
We are using payment term with settings for installment payment.
Example: Payment term Y001 Installment payment, Y002 Installment payment 90% and Y003 Installment payment 10%.
Invoice Amount : 1000
90 % outstanding for immediate payment : 900 (to be accounted in Vendor reconciliation account)
10% retention till tax certificate produced : 100 (to be accounted under separate retention GL account)
While posting invoice through MIRO & FB60, our client wants to split the amount in to two parts 90% outstanding to the Vendors and retain 10% of the invoice value till the tax returns certificate is produced. Presently Amount splitting is made to take care of this using a payment block in payment term Y003. This helps in retaining 10% of the amount till the tax paid certificate is produced.
Postings are happening with the split amount, to the reconciliation account maintained for the Vendors. This is presently showing the total payables towards vendors. But for statutory reporting purpose, we now need to maintain a separate GL account for the retention amount. This is again required to be a Vendor reconciliation account for control over outstanding amounts with respect to respective vendors.
We are exploring different alternatives to get this done. Please advice if you have come across any such scenario.
Thanks in Advance.
Regards,
ViswanathI understand when you use your Installment payment term, system must be posting two lines for vendor i guess must be like;
Expense Dr. 1000
Vendor Cr. 900
Vendor Cr. 100
Ok eventually both 900 and 100 goes to the same GL (Reconciliation)Account but your client wants that the 100 should goes to other GL accounts.
One of our collegue in this forun has answered you to use Special Gl Indicator, the solution upto some extent ok but i guess you will loose the automation of amount splitting which 900 and 100.
So i would advice you the following;
Create one Retention Reconciliation Account
Configure Alternative/Reconcilation Account in the IMG ( This config allows you to change reconciliation account while posting invoice )
So at time when you simulate your accounting entry double click on 100 line and manually enter the retention GL Account. I guess the solution is manual and painfull but if special gl indicator can be used with automation then you must go with that
regards,
FICO -
How to migrate installment plan with open items
Hi all,
I am trying to figure out how to migrate an installment plan, when my legacy system does not tie my open items directly to my installment plans. And the amounts in my open items table may not add up to the exact amount of the installment plan.
So for a simple example, I have $10 left on an installment plan that was created 6 months ago.
Since the creation of the plan obviously more charges and payments have been posted to this account, clearing previously open items and creating new ones.
Presently, I have only 2 open items remaining, one for $6 and one for $7.
So I have "enough" open items ($13 worth) to post the $10 installment plan, but not an exact match.
The way I read the migration documentation on this, I thought I could use a OPUPZ field (Subitem for a Partial Clearing in Document) to signify that I want to partially clear that $7 charge. Apparently I misinterpreted that.
So my question is, is there a way to migrate this installment plan with this set of open items?
Or is my only option to alter the payment plan to the open items, and say that there is $13 remaining on the plan?
Thanks.C N,
The principal Idea is to migrate either
- the original amounts, the installment plan and last the latest payments (you migrate payment history)
- or to migrate the still open amount as one or more open items and subsequently an installment based on that amount.
Kind regards,
Fritz -
Installment payments for vendor who is also custmer
friends,
can we process installment payments to vendor who is also custmer, scenario is we want to pay the vendor with installments by deducting his outstanding amount which is due as a custmer. if possible, how to deal this.
regards,hi,
If you are concerned about the MM documents, then its not possible to make such document...You have to prepare the proper MM documents with its req. cycle..ie. if from MM side you have to pay 500$ and from SD side take 200$, then for MM you have to make the IR for 500$ and for SD side for credit doc as 300$...
When you post these documents, the FI dept takes care of payment...
So, if allowed as per the FI dept. then you can post the difference...
Regards
Priyanka.P -
F110: how to pay an invoice with Withholding Tax and a credit memo?
Hi All,
in my SAP I've defined a Withholding Tax type for Payment Posting.
I've posted a vendor invoice with with Withholding Tax.
Later I've posted a credit memo with Withholding Tax which must compensate the prevuois invoice.
When I launch t.code F110, SAP, in the right manner, proposes to pay the invoice less the amount of the credit memo.
But the calculation of the Withholding Tax (that it should post al the payment time) is wrong: SAP proposes to post the amount of the Withholding Tax recorded in the table WITH_ITEM at the moment of the posting of the invoice. Instead, from it, SAP should detract the amount of the Withholding Tax recorded in the table WITH_ITEM at the moment of the posting of the credit memo.
Why does SAP doesn't consider the amount of the Withholding Tax of the credit memo?
Could anyone help me?
ThanksDear Rossi,
if You defined the WT TYPE at the payment time this means that the WT amount will be calculated at posted during the F110 run as per the invoice as per the credit memo.
If they are the same amounts and refer to the same wt type and code, when You run F110, they should match even for the WT calculation. It is clear that if You inserted manually the WT base amount or the WT amount into the invoice, the system will not do any automatic calculation but it will use these amounts that can be different from the one auto matically calculated by the system for the credit memo.
I hope this can help You.
Mauri -
Issues with Withholding tax on advance paid
Dear Experts
Our client deducts TDS on the Advance amount paid and on posting of Invoices from the Vendors. The documents are posted with withholding Tax types configured for this purpose in F-48 and FB60 respectively. Document splitting has been activated in the system with all required configuration.
The problem arises when we try to clear the advance amount against the Invoice along with the balance payment in F-53 if the invoice has more than one expense line posted to different Cost Centers in FB60. The system gives an error message " Balancing field "Profit Center" in line item 004 not filled ". Please follow the example given below for better understanding.
Advance posting:
vendor a/c....dr (Profit center 3)
To bank Clearing (Profit center 3)
To TDS on payment
Invoice:
Expense ....dr (Cost Center1 / profit Center 1)
Expense ....dr (Cost Center 2 / Profit Center 2)
To vendor a/c
To TDS on Invoice
Up to here the document splitting works fine with Profit Centers and segments getting displayed in all line items in GL view. The issue comes when we select both the documents in F-53 and try to pay out the balance amount.
Please note the issue does not crop up if we do not populate the withholding tax code while posting the advance entry. The system automatically posts to the relevant profit centers and segments in F-53. But this is not the business scenario.
It would be really helpful if somebody can throw some light on the above issue.
Thanks in advance.
Edited by: sid_das on Dec 14, 2011 11:26 AMResolved at our end.
-
Hi Experts
I am trying to make vendor down payment with deducting Withholding tax through transaction code F-48. At the time of simulating of the same system is giving error message
"Withholding tax amount exceeds total bank line item amounts.
Message no. 7Q320"
All configuration has been done like tax code and tax type for down payment and assinment of GL account.
Kindly advise as on urgent basis.
Kuldeep DubeyHi
Check the Total Debit & credit for that document
the normal JV for TDS entry in F-48 is
Vendor Dr 10000
Bank Cr 7734-
TDS - B Cr 2000-
TDS - S Cr 200-
TDS - C Cr 66-
hope its useful ........assign points if found useful
Regards
R.Ramakrishnaraj
Maybe you are looking for
-
Edit an field in alv and save it
i have an report in alv, i have used func module 'alv_list_display'. i have to make an field edit'able,(so that i can edit,change the existing data) then i have to save the data so that the data is stored in the table.
-
Which OS 8.6 runs on a G4 AGP 400?
I just purchased a AGP 400 in order to connect an old SCSI HP Scanjet 4c scanner that was connected to my now dead (sigh) Performa 6400. HP does not support OS 9.0 for the Scanjet 4c running HP Deskscan II software, so I need to run OS 8.6 on the AGP
-
Dear All, We have taken the taxcode in PO, V3(8%BED2%EC1%HSEC+12.5%VAT), and against this PO we have 30 GR. Now we are posting the inv for first 10 GR. Here the VAT amt is coming 1.24 Rs higher than the calculated% ie:12.5%. Can anybody came across t
-
Hello. I've configured vlan interfaces and installed SUNRay Software with vlan interface bnx67000 as dedicated interconnect interfaces. After this X server runs on terminal, connected to the interface, but dtgreet login screen doesn't appear. We can
-
Hi! All I just installed jdk1.1.8 and jakarta-tomcat 3.3.2 on windows 2000. I also set the path, java_home and tomcat_home as required. But when I try to run Tomcat, it says "Starting Tomcat in a new Window", then a new window opens up and closes imm